eBay Inc. Sells Equity Interest in craigslist

By: eBay Staff

eBay, Inc. announced today it has sold its equity interest in craigslist back to craigslist. In 2004, eBay acquired a 28.4% equity interest in craigslist. Under a confidential settlement agreement, craigslist has repurchased all of eBay's equity and all litigation between eBay and craigslist will be dismissed.